Indian Market Outlook:
The Key benchmark indices rose over 2 percent during the week gone by and extended their up move for the fourth week in a row. Nifty ended the week with 2.49 percent higher at 18256 points while the Sensex ended with 2.47 percent higher at 61,223 points. BSE Small cap outperformed the key benchmark indices during the week. BSE Midcap index ended 2.40 percent higher, while the BSE Small cap index rose 3.06 percent. Foreign Institutional Investors were the net sellers during the week; sell equities worth Rs. 4003 crores while the DIIs were the net buyers of Rs. 3629 of crores. Bank Nifty was the underperformer during week rose over 1 percent. During the week all top IT companies announced their Q3 result. Except Wipro, all reported numbers in line or ahead of market estimates. Infosys raised it FY22 revenue guidance to 19.5%- 20% while HCL Tech maintained its double-digit revenue guidance and TCS announced a Rs 18,000 crore buyback. HDFC Bank also its reported in Q3 numbers on Saturday with improved asset quality and beats the estimates on Profit front on lower provisions. On Macro front, in December, US inflation hit 7 percent, which is fastest pace since 1982 while India’s retail inflation spikes to 5.59 percent. Going forward upcoming week is going to be a busy week with more companies will come their Q3 results, Reliance too will report its numbers on 21st January, 2022. Market will also react on Budget 2022 estimates as Union Budget will be presented in Parliament on 1st February, 2022. On IPO front. AGS Transact Technologies is the first company to be launching its IPO in the new year 2022.
Latest Spot Price (in US $)
| Precious Metal | Current Price | Change (%) | 3 Month | 6 Month | 1 Year | |||||
| Gold | 1817.35 | 1.11 | 3.08 | -0.03 | -7.62 | |||||
| Silver | 22.95 | 2.27 | -5.67 | -17.77 | -10.32 | |||||
| Platinum | 967.05 | 0.98 | -0.73 | -19.02 | 7.94 | |||||
| USD/INR | 74.15 | -0.16 | -0.12 | 0.75 | 0.32 | |||||
| Crude | 83.82 | 6.24 | 22.76 | 29.53 | 116.09 | |||||
Global Weekly Events
| Date | Region | Event Description | Forecast | Previous |
| Jan 17,2022 | CNY | Industrial Production (YoY) (Dec) | 3.6% | 3.8% |
| Jan 17,2022 | CNY | GDP (YoY) (Q4) | 3.6% | 4.9% |
| Jan 19,2022 | USD | Building Permits (Dec) | 1.701M | 1.717M |
| Jan 20,2022 | CNY | PBoC Loan Prime Rate | – | 3.8% |
| Jan 20,2022 | USD | Initial Jobless Claims | – | 230K |
| Jan 20,2022 | USD | Crude Oil Inventories | – | -4.533M |
Domestic Economy Indicators
| Heading | Indicators | Current | Previous |
| RBI Policy Rate | Policy Repo Rate | 4.00% | 4.00% |
| Reverse Repo Rate | 3.35% | 3.35% | |
| Bank Rate | 4.25% | 4.25% | |
| Reserve Ratio | CRR | 4.00% | 4.00% |
| SLR | 18.00% | 18.00% | |
| Inflation Rate | Wholesale Price Index | 13.56% | 14.23% |
| Consumer Price Index | 5.59% | 4.91% | |
| Trade Data | Export ($ Million) | 37810 | 30040 |
| Import ($ Million) | 59480 | 52940 | |
| IIP | 1.4% | 3.2% |
| Domestic Indices | Closing (14th
Jan) |
Change | %Change |
| BSE Sensex | 61,223.03 | 1,478.38 | 2.47 |
| Nifty | 18,255.75 | 443.05 | 2.49 |
| Mid Cap | 26,085.24 | 612.41 | 2.40 |
| Small Cap | 30,951.28 | 919.14 | 3.06 |
| Bank Nifty | 38,370.40 | 630.80 | 1.67 |
| Global Indices | Closing (14th Jan) | Change | %Change |
| Dow Jones | 35,911.28 | -320.25 | -0.88 |
| Nasdaq | 15,595.75 | 14.75 | 0.09 |
| FTSE | 7,542.95 | 57.67 | 0.77 |
| Nikkei | 28,124.28 | -354.28 | -1.24 |
| Hang Seng | 24,383.32 | 889.94 | 3.79 |
| Shanghai Com | 3,521.26 | -58.28 | -1.63 |
| Net Inflow (Cr) | FII | DII |
| 10-Jan-2022 | -124.23 | 481.55 |
| 11-Jan-2022 | 111.91 | 378.74 |
| 12-Jan-2022 | -1,001.57 | 1,332.01 |
| 13-Jan-2022 | -1,390.85 | 1,065.32 |
| 14-Jan-2022 | -1,598.20 | 371.41 |
| Total | -4002.94 | 3629.03 |
| Top Gainers | Closing Price | Prev Close | Chg (%) |
| Larsen & Toubro | 2044.75 | 1904.90 | 7.34 |
| Infosys | 1929.35 | 1814.30 | 6.34 |
| M & M | 881.20 | 829.00 | 6.30 |
| Adani Ports | 780.10 | 736.10 | 5.98 |
| Coal India | 164.75 | 156.95 | 4.97 |
| Top Losers | Closing Price | Prev Close | Chg (%) |
| Wipro | 639.80 | 711.50 | -10.08 |
| Asian Paints | 3364.40 | 3576.30 | -5.93 |
| Hind. Unilever | 2363.7 | 2416.15 | -2.17 |
| Axis Bank | 721.30 | 730.60 | -1.22 |
| Britannia | 3712.05 | 3737.35 | -0.68 |
Source: Investing, NDTV, BSE, CNBCTV18, Moneycontrol,
Economic News:
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India’s wholesale inflation eased from its record high as a fall in prices of manufactured products, fuel and power offset costlier vegetables. Inflation, as measured by the Wholesale Price Index, stood at 13.56% in December against 14.23% in November, the highest reading since 1991. The gauge declined 0.35% over the previous month in December, according to data released by the Ministry of Commerce and Industry on Friday. Retail inflation stood at 5.59% in December, compared with 4.91% in November, according to data released by the Ministry of Statistics and Program Implementation on Wednesday.
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The third wave of Covid-19 infections will likely have a far smaller economic impact than the previous two surges in infections, according to Nomura economists. Nomura expects the January-March quarter to see sequential growth of 1%, on a quarter-on-quarter seasonally adjusted basis, according to a Jan. 14 note. This compares to 3% sequential growth in the previous quarter. As such, the economic the economic hit from this wave of infections is seen to be much smaller than during the second wave when the economy contracted 8% on a quarter-on-quarter, seasonally adjusted basis.
Industry News:
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The road transport ministry has said it will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to 8 passengers for enhanced safety of occupants from October this year. The Ministry of Road Transport and Highways (MoRTH) in a statement said that in order to enhance the safety of occupants of the motor vehicle against lateral impact, it has been decided to enhance safety features by amending the Central Motor Vehicles Rules (CMVR), 1989.
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Banks are seeing a gradual pick-up in loans as there are distinct signs of pick-up in the economy and revival investments and loan demand Banks ended the calendar year with higher credit growth of 9.2 per cent as of December 31 on a year-on-year (y-o-y) basis compared to 6.6 per cent growth a year ago. Outstanding loans amounted to Rs 116.8 lakh crore. Significantly, loans rose Rs 3.69 lakh crore during the last fortnight of the calendar year ending December, according to the latest data released by the Reserve Bank of India.
Company News:
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HDFC Bank on Saturday reported a net profit of Rs 10,342.2 crore in October-December quarter; registering an increase of 18 per cent year-on-year as strong growth in the private lender’s net revenues boosted its bottom line. Net interest income for the quarter under review grew by 13 per cent to Rs 18,443.5 crore, up from Rs 16,317.6 crore a year ago. The results were broadly in line with market expectations, which had pegged the on-year growth in net profit at 12-18 per cent and net interest income at 11-17 per cent
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Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51 per cent majority shareholding in popular and contemporary brand ‘Masaba’ promoted by the leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a ‘binding term sheet’ agreement to acquire a 51 per cent stake in ‘House of Masaba Lifestyle Pvt Ltd’, a move which will strengthen its play into fashion for young and digitally native consumers
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The country’s largest two-wheeler maker Hero MotoCorp Friday announced a new investment of up to Rs. 420 Crore in Ather Energy. The company’s board has approved the investment in one or more tranches. Prior to the proposed investment, Hero MotoCorp’s shareholding in Ather Energy was 34.8% (on a fully diluted basis). Post the investment, the shareholding will increase and the exact shareholding will be determined upon completion of capital raise round by Ather.
Global News
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After Tesla Founder & CEO Elon Musk said his company was facing challenges to launching operations in India, KT Rama Rao, the Industry & Commerce Minister of Telangana made a pitch to the former to set shop in Telangana. “Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana,” the minister said on Twitter responding to Musk. “Our state is a champion in sustainability initiatives & a top notch business destination in India.
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China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown. The eight percent growth would be well above the government’s target of more than six percent, and comes on the back of a strong start to the year as a “zero-Covid” policy allowed the country to lead the global economic recovery.
(Source:Bloomberg Quint, Economic Times, BusinessToday,Business Standard, Financial Express,Investing, Moneycontrol, livemint)
Forthcoming Corporate Actions – 17th January – 22nd January
| Security Name | Ex-Date | Purpose | Security Name | Ex-Date | Purpose |
| ELDEHSG | 17-Jan-22 | Stock Split from Rs.10/- to Rs.2/- | MAHACORP | 20-Jan-22 | E.G.M. |
| HGS | 17-Jan-22 | Interim Dividend – Rs. – 150.0000 | RAILTEL | 20-Jan-22 | Interim Dividend – Rs. – 1.7500 |
| NAUKRI | 17-Jan-22 | Interim Dividend – Rs. – 8.0000 | SIEMENS | 20-Jan-22 | Final Dividend – Rs. – 8.0000 |
| JOONKTOLL | 18-Jan-22 | Right Issue of Equity Shares | VGIL | 20-Jan-22 | Right Issue of Equity Shares |
| ANANDRATHI | 19-Jan-22 | Interim Dividend – Rs. – 5.0000 | VISAGAR | 20-Jan-22 | Stock Split from Rs.2/- to Rs.1/- |
| CHOICEIN | 19-Jan-22 | Right Issue of Equity Shares | VISAGAR | 20-Jan-22 | Bonus issue 1:2 |
| TCS | 19-Jan-22 | Interim Dividend – Rs. – 7.0000 | WIPRO | 21-Jan-22 | Interim Dividend – Rs. – 1.0000 |
| HCLTECH | 20-Jan-22 | Interim Dividend – Rs. – 10.0000 |
Source: BSE, Elite wealth Research
Upcoming Key Board Meetings – 17th January – 22nd January
| Symbol | Purpose | BM Date | Symbol | Purpose | BM Date |
| ANGELONE | Interim Dividend;Quarterly Results | 17-Jan-22 | TEJASNET | Quarterly Results | 19-Jan-22 |
| BCPL | General | 17-Jan-22 | ASIANPAINT | Quarterly Results | 20-Jan-22 |
| BEPL | Interim Dividend;Quarterly Results | 17-Jan-22 | ATFL | Quarterly Results | 20-Jan-22 |
| FCL | ESOP;Quarterly Results;General | 17-Jan-22 | BAJAJFINSV | Quarterly Results | 20-Jan-22 |
| GOODLUCK | Quarterly Results | 17-Jan-22 | BAJAJHLDNG | Quarterly Results | 20-Jan-22 |
| HATHWAY | Quarterly Results | 17-Jan-22 | BANARBEADS | Quarterly Results | 20-Jan-22 |
| HFCL | Quarterly Results | 17-Jan-22 | BIOCON | General;Quarterly Results | 20-Jan-22 |
| INDOCITY | Quarterly Results | 17-Jan-22 | CENTURYTEX | Quarterly Results | 20-Jan-22 |
| KPIGLOBAL | Interim Dividend;Quarterly Results | 17-Jan-22 | CONCOR | Interim Dividend;General; Results | 20-Jan-22 |
| MAHSCOOTER | Quarterly Results | 17-Jan-22 | CYIENT | Quarterly Results | 20-Jan-22 |
| MINDSPACE | General | 17-Jan-22 | DATAMATICS | Quarterly Results | 20-Jan-22 |
| MOSCHIP | Quarterly Results | 17-Jan-22 | DODLA | Quarterly Results | 20-Jan-22 |
| NAZARA | Preferential Issue of shares | 17-Jan-22 | HATSUN | Quarterly Results | 20-Jan-22 |
| SONATSOFTW | Quarterly Results | 17-Jan-22 | HAVELLS | Quarterly Results | 20-Jan-22 |
| TATASTLLP | Audited Results;Quarterly Results | 17-Jan-22 | HINDUNILVR | Quarterly Results | 20-Jan-22 |
| TATVA | Quarterly Results | 17-Jan-22 | KHAICHEM | Quarterly Results | 20-Jan-22 |
| ULTRACEMCO | Quarterly Results | 17-Jan-22 | MPHASIS | Quarterly Results | 20-Jan-22 |
| VIKASECO | Quarterly Results;General | 17-Jan-22 | ORIENTELEC | Interim Dividend;Quarterly Results | 20-Jan-22 |
| BAJFINANCE | Quarterly Results;General | 18-Jan-22 | PERSISTENT | Interim Dividend;General;Results | 20-Jan-22 |
| DCMSHRIRAM | Interim Dividend;Quarterly Results | 18-Jan-22 | PNBHOUSING | Quarterly Results | 20-Jan-22 |
| DEN | Quarterly Results | 18-Jan-22 | RIIL | Quarterly Results | 20-Jan-22 |
| GICRE | General | 18-Jan-22 | SASKEN | General;Quarterly Results | 20-Jan-22 |
| ICICIPRULI | Audited Results | 18-Jan-22 | SOUTHBANK | Quarterly Results | 20-Jan-22 |
| ISEC | Quarterly Results | 18-Jan-22 | VIMTALABS | Quarterly Results | 20-Jan-22 |
| JUSTDIAL | Quarterly Results;General | 18-Jan-22 | VSTIND | Quarterly Results | 20-Jan-22 |
| LTTS | Interim Dividend;Quarterly Results | 18-Jan-22 | 20MICRONS | Audited Results | 21-Jan-22 |
| NETWORK18 | Quarterly Results | 18-Jan-22 | AMAL | General | 21-Jan-22 |
| NEWGEN | Quarterly Results | 18-Jan-22 | BANDHANBNK | Quarterly Results | 21-Jan-22 |
| RKFORGE | Quarterly Results;Stock Split | 18-Jan-22 | CSBBANK | Quarterly Results | 21-Jan-22 |
| SHAKTIPUMP | Quarterly Results | 18-Jan-22 | CYBERTECH | Quarterly Results | 21-Jan-22 |
| SHALPAINTS | General | 18-Jan-22 | GLAND | Quarterly Results | 21-Jan-22 |
| TATAELXSI | Audited Results;Quarterly Results | 18-Jan-22 | HDFCLIFE | Quarterly Results | 21-Jan-22 |
| TRIDENT | Quarterly Results | 18-Jan-22 | HERITGFOOD | Quarterly Results | 21-Jan-22 |
| TV18BRDCST | Quarterly Results | 18-Jan-22 | HINDZINC | Quarterly Results | 21-Jan-22 |
| APTECHT | Quarterly Results | 19-Jan-22 | IDBI | Quarterly Results | 21-Jan-22 |
| ASRL | General | 19-Jan-22 | JSWSTEEL | Quarterly Results | 21-Jan-22 |
| BAJAJ-AUTO | Quarterly Results | 19-Jan-22 | JYOTHYLAB | Quarterly Results | 21-Jan-22 |
| CCL | Interim Dividend;Quarterly Results | 19-Jan-22 | KAJARIACER | Quarterly Results | 21-Jan-22 |
| CEATLTD | Quarterly Results | 19-Jan-22 | L&TFH | Quarterly Results | 21-Jan-22 |
| CFL | Quarterly Results | 19-Jan-22 | NETLINK | General;Quarterly Results | 21-Jan-22 |
| CHEMBOND | Quarterly Results | 19-Jan-22 | NGIL | Quarterly Results;General | 21-Jan-22 |
| GREENPOWER | Quarterly Results | 19-Jan-22 | OAL | Quarterly Results | 21-Jan-22 |
| ICICIGI | Audited Results | 19-Jan-22 | PNBGILTS | Quarterly Results | 21-Jan-22 |
| JSWENERGY | Quarterly Results | 19-Jan-22 | POLYCAB | Quarterly Results | 21-Jan-22 |
| JSWISPL | General;Quarterly Results | 19-Jan-22 | PVR | Quarterly Results | 21-Jan-22 |
| LTI | General;Quarterly Results | 19-Jan-22 | RAMCOIND | Quarterly Results | 21-Jan-22 |
| MASTEK | Quarterly Results | 19-Jan-22 | RELIANCE | Quarterly Results | 21-Jan-22 |
| NELCO | Quarterly Results | 19-Jan-22 | SBILIFE | Quarterly Results | 21-Jan-22 |
| OFSS | Quarterly Results | 19-Jan-22 | TANLA | Quarterly Results | 21-Jan-22 |
| RALLIS | Quarterly Results | 19-Jan-22 | VINYLINDIA | Quarterly Results | 21-Jan-22 |
| SAREGAMA | Quarterly Results | 19-Jan-22 | WENDT | Interim Dividend;Quarterly Results | 21-Jan-22 |
| STLTECH | Quarterly Results | 19-Jan-22 | ICICIBANK | Quarterly Results | 22-Jan-22 |
| SYNGENE | Quarterly Results | 19-Jan-22 | SESHAPAPER | Quarterly Results | 22-Jan-22 |
| TATACOMM | Quarterly Results | 19-Jan-22 | SHARDACROP | Interim Dividend;Quarterly Results | 22-Jan-22 |
| TATAINVEST | Quarterly Results | 19-Jan-22 | YESBANK | Quarterly Results | 22-Jan-22 |
Major Economy Indicators
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